Looking to diversify beyond LGOV? The ETFs below have historically moved differently from LGOV, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for LGOV
997 ETFs have low correlation with LGOV (below 0.3), 122 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.44, down from -0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.44 | -0.26 | -0.20 | 66 | Oil & Gas | LGOV vs DBE | |
| Invesco DB Oil Fund | -0.42 | -0.24 | -0.19 | 51 | Oil & Gas | LGOV vs DBO | |
| United States Gasoline Fund, LP | -0.41 | -0.23 | -0.17 | 83 | Oil & Gas | LGOV vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.39 | -0.22 | -0.15 | 61 | Commodities | LGOV vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.38 | -0.22 | -0.16 | 56 | Commodities | LGOV vs COMT |
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